Hot off the press, Nick and (a travelling) Kelvin catch up to quickly give their take on the just-released Financial Stability Report (FSR) from the Reserve Bank and official Labour Market stats for Q1 2024 from Stats NZ. Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]

One for the hopeful first home buyers In this guest special, Nick speaks to Geri Fraser and Heiko Jonkers from Westpac. Geri is the Product lead for Housing and Heiko the Social and Affordable Housing Guru! The main topics of interest discuss are the shared equity and leasehold options which are often misunderstood or simply not known about. Listen in to hear about what these options are and how Westpac have dedicated considerable commitment to ensure more New Zealanders can take that first...

There’s always plenty to talk about in the property market, but this week’s discussion basically sets the scene for a big week of data and announcements which could potentially mean a meaty pod next Monday! The guys start by discussing the latest Buyer Classification data, which showed that first home buyers (FHBs) remained a key presence in March, and that also ties in to the latest mortgage lending figures from the Reserve Bank. Low deposit lending remains relatively restricted – certainly...

Despite last week's well-received reactionary pod to the latest CPI inflation data, Nick and Kelvin can't help but dig a bit deeper into the data to get a steer on where things, in particular the OCR, are going.  Other topics this week include the CoreLogic monthly chart pack, which focussed on borrowers preference to fix their mortgages short as well as the patchy nature of this recovery.  That patchiness, and arguably weakness was backed up by the release of the REINZ index and sales...

In this quick podcast Nick and Kelvin give their reaction to the just-released CPI inflation data. Sign up for news and insights or contact on LinkedIn, Twitter @NickGoodall_CL or @KDavidson_CL and email [email protected] or [email protected]

After quickly passing over the latest OCR decision from the RBNZ and one more construction release to add to last week's construction heavy chat, Nick and Kelvin delve into the current and future rental market. There's rental price change to discuss, the reversal of some tenancy laws and the latest buyer classification data to assist. Add in a bit on the economy and inflation ahead of the Q1 CPI data out this week and you've got a comprehensive review of the market. All in less than 40...

The dominant theme this week is construction – from the Cordell Construction Cost Index showing subdued cost growth to start 2024, through to new dwelling consents in February (still falling), to Stats NZ’s experimental dataset looking at completion timeframes and the number of code compliance certificates issued (dwelling completions) – we have it all! Not only that, but the Government also announced its intention to allow more imported building products to be used in NZ dwellings, with the...

Coming to you on Easter Monday, Nick and Kelvin catch up to discuss the week that was in the property market. Starting off with Kelvin's latest article, analysing the new build premium (using the CoreLogic Market Trends dataset). In macro-economic news, Kelvin rounds up the latest lending data from the RBNZ, including the flow of loans and state of terms left on total stock. There's also consumer and business confidence survey data to digest, which was likely affected by confirmation of the...

This week it's all about the economy (outside of a bit of Sail GP chat of course), after the release of the GDP data for Q4 last year confirmed we're officially back in a recession, the second time in a year for the classic double dip. What does it all mean though and what does the more timely NZAC tell us about how 2024 has started? Kelvin also speaks about the CoreLogic release of the monthly chart pack, where the property investor situation was a core focus.  The International Monetary...

The main release last week was the CoreLogic Mapping the Market data - a suburb-level view of median values and change over time. Kelvin offers up the insights from the update and some of the conversations that it sparked with the media. Then from the CoreLogic Buyer Classification series, Nick and Kelvin discuss the early signs of first home buyers facing a bit more competition from other buyers - particularly multiple property owners, but will it last? Elsewhere, Kelvin wraps the macro...

On this guest episode Nick speaks with Joanie Rankin, Mobile Mortgage Manager at Westpac.  Joanie has been a Mobile Mortgage Manager (MMM) for 3 years but has been in the home lending industry for 6 years.  Joanie has been with Westpac for 9 years now in various customer facing/service roles and has an in-depth knowledge across several fields of banking.  Joanie is very passionate and finds it hugely rewarding to help people into their first homes and loves being a part of their home buying...

Confirmation over the weekend of the reinstatement of interest deductibility for property investors is the key feature for today's podcast. It was a busy Sunday and Monday morning for Kelvin especially, as journos scramble to cover the Government release.  Details were as expected but the focus was on the potential implications? What could it mean for rental supply, rental prices and even new build commitments? Nick and Kelvin work through it all to get your week started. Outside of that,...

This week, to coincide with International Women's Day 2024, Nick speaks to an incredible, award winning leader within the banking and finance industry, Amanda Young.  Amanda is an accomplished leader with an impressive 30+ year background in distribution across Personal and Business Banking, and Insurance.  Amanda is known for her ability to implement solutions and remove complexity, while improving the performance of large teams. Amanda’s engaging and collaborative approach to problem...

This week the RBNZ's Monetary Policy Statement and OCR call are in the spotlight. Though most of the market expected the OCR to stay flat, ANZ's surprising recent forecast of two more increases caused a bit of doubt among commentators, and in the end the RBNZ probably softened their stance more than most expected. No one is getting carried away though, with the OCR to remain suitably contractionary for a while yet. Meanwhile our HPI for Feb was released, with growth continuing to moderate and...

Clearly the hottest topic this week is whether or not the Reserve Bank will raise the official cash rate at 2pm Wednesday (28th February). The guys give their takes on this issue, and ultimately, even if the OCR isn’t increased this week, a further rise down the track remains a possibility. Inflation isn’t dead yet! Meanwhile, the discussion of recent data is focused on our latest NZ Housing Chart Pack, which highlighted a very slow start to the year for property sales activity, and the NZ...

Quite a bit of the data over the past week has reiterated the idea that this recovery, while ongoing, could prove to be patchy/variable/uneven – or whichever synonym you like. According to the latest CoreLogic Report, affordability has improved on some measures since 2021, but not on others – e.g. mortgage payments as a % of gross average household income are still 49%. And most measures actually got a little worse again in Q4 2023 as house prices started to rise. Recent data on property...

At face value, a rise in unemployment could never be a good thing …. but as the guys discuss this week, it’s a bit more nuanced than that. For a start, last week’s rise in the unemployment rate wasn’t driven by job losses, but instead a larger increase in the pool of available workers. And a 4% unemployment rate is still very low anyway. Those are the ‘good’ things. But on the flipside, could the smaller-than-expected rise in unemployment actually lead to another increase in the official cash...

This week, Nick chats to Paulette Trotter, director and advisor at Loan Market Auckland, who was the number 1 mortgage advisor in NZ in 2023. Paulette's experience in the industry is vast and hugely successful. In this discussion Paulette discusses how the property market has kicked off in 2024, with first home buyers remaining a consistent presence.  She speaks about some of the differences across the Auckland market, including interest in new build properties and the relative importance of...

The guys kick off this week’s discussion with a look at our house price index for January, which showed a smaller rise in values (0.4%) than in both November and December. With mortgage rates still pretty high, a mixture of weaker and stronger months for property values shouldn’t be a surprise. So then it’s just a choice of which adjective/synonym to use to describe patchiness! Two other notable items last week were Andrew Bayly’s announcement that the Government will be looking to loosen the...

More heat across the country and plenty of data to talk about this week too, starting with the latest inflation figures for Q4 2023. The CPI/inflation trend is definitely in the right direction, but with domestic/non-tradable prices such as rents and council rates still a bit problematic, the OCR isn’t likely to be cut in the near term. But cuts are possibly on the cards for the second half of the year, with some falls in shorter term fixed mortgage rates also likely. With the dust settling...

This week Nick and Kelvin kick off with a discussion of the latest CoreLogic House Price Index, which went out in the same week as the REINZ and QV measures. The guys discuss the results from our index, as well as some of the similarities and differences between all the measures, some which were highlighted in a Stuff explainer article.  Last week also saw Stats NZ release the latest migration and rent price data – which generally showed further strength (especially for rents), although there...

We're back for 2024 and it's straight into a look back at data releases so far this year.  Firstly the Cordell Construction Cost Index (CCCI) for Q4 2023 showed cost inflation is moderating (not declining) and with building consent data for November to also discuss there's a bit of time given to preview the health and prospects for the construction industry. Jobs growth data from Stats NZ is also reviewed - still a key underpinning factor for the housing market, while the latest RBNZ release...

In rounding out the year, there's coverage of the Best of the Best report, the upcoming chart pack and the now-live monthly video. Plus, amongst a number of data releases there were a couple of RBNZ papers to discuss.  Topics covered today: MigrationRental price growthGDP economic data for Q3REINZ HPISales volumesLoan-to-valuation ratio (LVR) regulationsDebt-to-income (DTI) restrictionsPlus, Nick joined The Weekend Collective Radio Show on Saturday for their regular one our property focus on...

Call it what you will, this week it's all about money, and it's importance when it comes to the property market. Kicked off, due to Kelvin's article on the 10 things to know about mortgage debt right now, Nick and Kelvin detail how the cost and availability of credit truly make the property world go around.  This is true for investors, first home buyers and other owner occupiers moving house as affordability remains squeezed due to high prices and high interest rates. Nick takes the...